§ 79. Mr. Oliver
asked the Minister of Housing and Local Government and Minister for Welsh Affairs whether, having regard to the volume of expenditure on development schemes by local authorities, consideration is being given to providing a supplementary source of revenue for local authorities particularly directed to the socially created increase in the value and price of land in order to help relieve the increasing burden of rates.
§ Mr. Brooke
I would refer the hon. Member to the White Paper on local government finance which preceded the legislation of 1958, and which concluded that it was not practicable to devise a satisfactory new source of local revenue.